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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Parking lots & garages
270 Central Ave Chelsea, MA 02150-3509
Individually Owned
8-yr Hold
Free & Clear
Property ID
US38-1820857
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1994
Construction
CONCRETE
Total area
449,900 SF
Lot
3.38 ac (147,410 SF)
Zoning code
I
APN
CHEL M:014 P:021
UPID
US38-1820857
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Chelsea employee parking lot Parking Lot & Garage
-
Interpark Preflight Moving Company Logistics Company
-
Chelsea Garage Parking Lot & Garage
-
Chelsea parking airport Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$780k
Owner & transaction history
Mbta · 8 yrs held
Mbta
since 2018
7 recorded transactions
Zoning & alternative use
I · Chelsea, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chelsea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chelsea submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$780k
Range $702k – $858k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$2 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,239,446
Tax year 2024
Assessed value
$52,187,200
Assessed 2024
Previous assessed
$52,187,200
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$4,695,000
Assessed improvement
$47,492,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1994
Construction
CONCRETE
Heating
NONE
Buildings
1
Stories
5
Units
1
Total area
449,900 SF
Lot
3.38 ac (147,410 SF)
Zoning code
I
APN
CHEL M:014 P:021
UPID
US38-1820857
Jurisdiction
CHELSEA
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Chelsea, MA
Zoning I · permitted uses
I · Chelsea, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chelsea. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Construction
CONCRETE
Heating
NONE
Stories
5
Buildings
1
Units
1
Lot
3.38 ac
Current owner
From public records · entity-resolved
Mbta
Individual
Free & Clear · 8 yrs held
Mailing address
PO BOX 4900, SCOTTSDALE, AZ 85261-4900
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
—
Ugp-preflight Bodton LLC
—
Deed
related
$90,000,000 · Bmo Bank NA
Jul 14, 2021
—
Ugp 270 Ctrl LLC
—
Deed
related
$565,000,000 · Acrefi Hldg Ji LLC
Apr 20, 2018
—
Mbta
Mbta
Quit Claim Deed
related
—
Jul 12, 2011
—
Urban Growth Prop LP
—
Deed Of Trust
related
$480,000,000 · Worth Funding INC
Oct 14, 2005
$1
Ugp 270 Central LLC
Central Avenue Nt 270 T
Grant Deed
related
—
Oct 11, 2005
$1
Central Avenue LLC 270
Chelsea Dev Assoc LP
Grant Deed
related
—
Jun 24, 1993
—
Chelsea Dev Assocs LP
—
Deed Of Trust
related
$20,000,000 · Northwestern Natl Lf
Jun 10, 1992
$954,505
Chelsea Dvlp Assoc
Cosentino,ronald H
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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